Fortress Financial Solutions LLC Acquires Shares of 6,528 UBS Group AG $UBS

Fortress Financial Solutions LLC bought a new position in UBS Group AG (NYSE:UBS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,528 shares of the bank’s stock, valued at approximately $221,000.

A number of other large investors also recently modified their holdings of UBS. Coldstream Capital Management Inc. increased its holdings in shares of UBS Group by 1.1% in the second quarter. Coldstream Capital Management Inc. now owns 26,179 shares of the bank’s stock valued at $885,000 after purchasing an additional 290 shares in the last quarter. Prospera Financial Services Inc boosted its position in UBS Group by 1.7% in the 2nd quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank’s stock valued at $623,000 after buying an additional 310 shares during the last quarter. Werba Rubin Papier Wealth Management boosted its position in UBS Group by 4.3% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank’s stock valued at $284,000 after buying an additional 347 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of UBS Group by 1.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock valued at $640,000 after buying an additional 358 shares during the period. Finally, Allianz SE raised its position in shares of UBS Group by 3.2% during the first quarter. Allianz SE now owns 12,312 shares of the bank’s stock worth $374,000 after acquiring an additional 380 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. BNP Paribas downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a report on Monday. Finally, Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, UBS Group has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS stock opened at $38.09 on Thursday. The stock has a market cap of $122.13 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. The stock has a 50-day moving average of $39.27 and a 200-day moving average of $37.16. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a one year low of $25.75 and a one year high of $42.56.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.28. The business had revenue of $12.20 billion for the quarter, compared to analyst estimates of $9.68 billion. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. UBS Group’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. As a group, sell-side analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.